Page 3 - China Us Trade

Trump seeks quick wins on trade, fentanyl and rare-earths in key Xi meeting

Trump has also floated an elusive agreement on nuclear weapons and expressed a desire to convince Xi to pressure Russian President Vladimir Putin to end his invasion of Ukraine

Trump warns China over fentanyl smuggling via Venezuela ahead of meeting Xi

Trump will meet Chinese President Xi Jinping on October 30 on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in Busan, South Korea

Asian stocks rise on easing US-China trade tensions, Nikkei hits record

A broad rally sent all three major US stock indexes to a sharply higher close overnight with chip stocks hitting a record high

Trump warns of 155% tariffs on China if trade deal not finalised by Nov 1

Trump warned of potential steep tariffs on Chinese goods if a trade deal isn't reached after his meeting with Xi Jinping later this month. However, he expressed his optimism for a 'fair' agreement

Trump official cautions China against penalising firms investing in US

Greer's warning comes amid ongoing US-China maritime disputes, with China controlling over half the world's shipbuilding and seeking greater influence in the South China Sea

Chinese officials try to ease global concerns over rare earth export curbs

China's unprecedented move on rare earths sparked a global pushback over the past week, as officials from Europe and Japan voiced concerns over supply chain stability

US-China talks planned next week as Trump plays down trade tariffs

President Donald Trump expressed optimism that talks with Chinese officials could yield an agreement to defuse the crisis that saw the US leader threaten to drastically hike tariffs

Apple's iPhone Air sold out within minutes of its launch in China

Apple's iPhone Air sold out within minutes of its launch in China on Friday, notwithstanding the current tariff war between Washington and Beijing. The new iPhone instant sale also underscores its popularity among Chinese consumers despite competition from Android devices. The strong sales followed Apple CEO Tim Cook's visit this week to promote the product in the world's largest smartphone market amid ongoing geopolitical tensions between China and the US. Cook is the chairman of an advisory body at China's Tsinghua University's management school. During his visit, he also met Chinese Vice-Premier He Lifeng, who heads China's trade delegation, which is currently holding trade talks with the US to resolve tariffs on Chinese exports. Pre-sales for the iPhone Air, which supports only e-SIM, began at 9 am local time on Friday, more than a month later than most of the world. Minutes after bookings opened, the model was sold out at all bricks-and-mortar stores in Beijing and Shanghai,

China's rare-earth restrictions aim to beat US at its own game

China's move has rekindled tensions between the world's two largest economies, with President Trump threatening to increase already substantial tariffs on Chinese imports

China is making it harder to get rare earth magnet export licenses

Approvals are taking longer, although generally still within the commerce ministry's 45 business day deadline, but the scrutiny is now similar to April, at the height of the trade war

Beijing sanctions Korean shipbuilder giant as US-China tensions escalate

China's commerce ministry accused Hanwha Ocean's US units of violating its anti-foreign sanctions law and warned of further countermeasures against countries backing discriminatory restrictions

Trump port fees bring added headache for Chinese shipping companies

Cosco Shipping could face $1.5-2.1 billion in US port fees in 2026, OOIL up to $654 million, while non-Chinese carriers see limited impact due to use of non-China-built ships

US, China to roll out tit-for-tat port fees on shipping amid trade tensions

Early this year, Trump's administration announced plans to levy the fees on China-linked ships to loosen that country's grip on the global maritime industry and bolster US shipbuilding

China firmly rejects US sanctions, vows to safeguard its rights, interests

China rejects recent US sanctions, calls high tariffs counterproductive, and urges Washington to resolve differences through dialogue based on equality, respect, and mutual benefit

China switches trade files to WPS-only format, shutting out MS Word

China's Commerce Ministry issued new documents on rare earth export controls which couldn't be opened using MS Word or any other American word processor but only with homegrown software, WPS Office

China's exports beat forecasts, showing resilience as trade war escalates

The strength of demand from markets other than the US means that Chinese firms should be less affected by the further increase in tariffs threatened by President Donald Trump

Trump announces additional 100% tariff on China, plans export curbs on tech

US president's move follows China's warning of sweeping export controls from November 1, reigniting fears of global trade disruption ahead of possible Xi-Trump talks at APEC

China hits back at US ships with additional port fees from October 14

For US vessels berthing at Chinese ports from October 14, the rate shall be 400 yuan ($56.13) per net tonne, the Chinese transport ministry said

US lawmakers push for broader bans on chipmaking tool sales to China

US lawmakers urge broader bans on chipmaking equipment to China after a report found $38 billion of gear bought legally last year, up 66% from 2022, highlighting export rule gaps

US soybean farmers face crisis as China halts purchases amid trade tensions

The leafy soybean plants reach Caleb Ragland's thighs and are ripe for harvest, but the Kentucky farmer is deeply worried. He doesn't know where he and others like him will sell their crop because China has stopped buying. Beijing, which traditionally has snapped up at least a quarter of all soybeans grown in the US, is in effect boycotting them in retaliation for the high tariffs President Donald Trump has imposed on Chinese goods and to strengthen its hand in negotiations over a new overall trade deal. It has left American soybean farmers fretting over not only this year's crop but the long-term viability of their businesses, built in part on China's once-insatiable appetite for US beans. This is a five-alarm fire for our industry, said Ragland, who leads the American Soybean Association trade group. The situation might even be enough to test farmers' loyalty to Trump, although he still enjoys strong support throughout rural America. If no deal is reached soon, they hope the ...